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Challenge the Buyout: Ademi & O'Reilly, LLP Investigates Whether Power-One, Inc. Has Obtained a Fair Price in Its Sale to ABB

MILWAUKEE, April 22, 2013 (GLOBE NEWSWIRE) -- We are investigating the Board of Directors of Power-One, Inc. for possible breaches of fiduciary duty and other violations of state law in connection with the sale of Power-One to ABB.

Click here to learn how to join the action: http://www.ademilaw.com/case/power-one-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.

Power-One's long-term financial outlook is very positive and yet Power-One shareholders will receive only $6.35. ABB is well aware of Power-One's improving financial metrics and is purchasing Power-One at a substantial discount. The merger agreement unreasonably limits prospective bids for Power-One by (i) prohibiting solicitation of any further bids, and (ii) imposing a termination penalty should Power-One receive and accept a superior bid. Power-One insiders, their affiliates and other majority shareholders own significant voting stock of Power-One, and will receive millions of dollars as part of change of control arrangements, and therefore can unduly influence a sale of Power-One not necessarily in the best interests of non-insider shareholders. In light of these facts, our investigation centers on the conduct of Power-One's Board of Directors, who have unanimously approved the transaction, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Power-One given its current financial condition and prospects.

If you own common stock in Power-One and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, http://www.ademilaw.com/case/power-one-inc.

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: Ademi & O'Reilly, LLP Guri Ademi 3620 East Layton Ave. Cudahy, WI 53110 Toll Free: (866) 264-3995 Fax: (414) 482-8001 www.ademilaw.comSource:Ademi & O'Reilly, LLP